Armenia received 10 points out of 10 and was granted the Global Enterprise Registration award certificate within the frames of World Investment Forum held in Geneva, Switzerland.

According to Business Armenia, the United Nations Conference on Trade and Development (UNCTAD) has monitored over 130 countries and their steps undertaken to ensure the clarity and transparency of business procedures. Business Armenia was appreciated for its input in the process.

Business Armenia and the UN Development Program have launched the “E-governance as an Electronic Tool for Facilitating the Government to Attract Foreign Investment” project earlier this year, in April 2018. The eRegulations information portal of the UN Conference on Trade and Development (UNCTAD) has been implemented and, as a result, a number of procedures have already been simplified.

World Investment Forum, dedicated to global economic issues, is held once in 2 years. The event gathers 4000 investment beneficiaries from 160 countries.

“By creating the “single window of business support”, Armenia joined the Global Enterprise Registration portal (https://ger.co) which, obviously, boosts the reputation of our country in the eyes of businessmen. And the award is an additional message to the investors proving that starting a business in Armenia is easy and transparent,” CEO of Business Armenia Armen Avak Avakian stated.

The Armenian delegation was headed this year Armenian President Armen Sarkissian.